Charity number: 1003312
Jack Foats Trust
Trustees. report and financial statements
For the year ended 5 April 2024

Jack Foats Trust
Contents
Page
Reference and administrative detalls of the Charity. Its Trustees and advisers
Trustees. report
Independent examinerfs report
Statement of financial actlvities
Balance sheet
Notes to Ihe financlal statsments
9-15

Jack Foats Trust
Reference and administrative detalls of the Charity, its Trustees and advisers
For the year ended 5 April 2024
Trustees
lan S Chandl8r
Janine M Vallack
Andrew Wilkinson
Gary Laslett
Charity registered
number
1003312
Principal office
The Poplars
Lower Goldstone
Ash
Canterbury
Kent
CT3 2DT
Accountants
Kreston Reeves LLP
Chartered Accountsnts
37 St Margaret's Street
Canterbury
Kent
CT12TU
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JD
Sollcltors
Williamson & Bames
12-14 Queen Street
Deal
Kent
CT14 6EU
Managlng Agent
N Rcoke BA, Msc, MRICS
Amos DawEon & Finn
1 King Street
Sandwich
Kent
CT13 9BY
Independent Examiner M K R Dyer ACA MAAT
Kreston Reeves LLP
37 St Margaret's Street
Canterbury
Kent
CT12TU
Page 1

Jack Foats Trust
Trustees. report
For the year ended 5 April 2024
The Trustees present their annual repjrt together with the financial ststernents of the Charity for the 6 April 2023
to 5 April 2024.
Objectives and activities
Pollcles and objectives
The objects of the Trust are such charitable purposes for the benefft of Ihe parish of Ash as the Trustees in their
absolute discretion think fiL
In settlng oblectives and planning for actbvities, Ihe Trusteés have given due consideration to general guidanc8
published by the Charity Commission relating lo public ben8fiL induding the guidance 'Public benefit: runnlng a
charity (PB2)'.
b. Actlvlties undertaken to achieve objectlves
The first forrn Annual report, for 1996-97, summarised the story of Ihe Trust sincé its inceptlon In 1989. Thls
year, as in previous years, this report deals primary with the Trust's aGtivitios during the year, but also includes a
summary record of what It has done sSnce 1990.
Achlevements and performanGo
a. Revo￿ of actlvltles
The Trust has been pleaséd to support Cariwright and Kelsey School in Ihe provlsion of new playground
equlpment and shelter to assist early learning, provide funds to Ash Cricket aub for an electronlc scoreboard,
and contlnue repairs and maintenance on the Trusvs prop8rtigs and land.
b. In￿Stment pollcy and pèrformance
The Truslees investment policy is to keep enough in cash to meet their present and anticipaled commiiments
and, subject to that, to invest their end0vM￿nI to pmduc8 a regular and increasing in￿me-Stream.
The Trustees have reviewed the historic C05t valu8s of the freehold and investment proporties and these are
included Vdithin these financial statements.
Flnanclal revlew
a. Golng concem
After making appropriate enquiries, the Trustees have a reasonable expectatlon that the Charity has adequate
resources to conlinue in operational existence for the foreseeable future. For Ihis reason. they continue to adopt
the going concern basis in preparing the financial sLatetnents. Further detalls regarding the adoption of the going
concem basis can be found in the accounting policies.
b. Reserves policy
The Trustees have revlewed the Trusfs needs for reserves in line with the guidance issued by the Charity
Commission, and against the Trusl's presenl and likely future income, net of expenditure on it's fixed functlonal
assets and administrative expenses.
Page 2

Jack Foats Trust
Trustees. report (continued)
For the year ended 5 April 2024
c. Results for the year
The Charity has achieved a surplus for the year of £22,841 (2023.. deficit of £6,050), before gains on inv8Stments
totalling £73,536 (2023: losses of £124).
Income tolalled to £70.954 (2023: £67,797), and was all in the form of investment income.
Expenditure meanwhlle amounled to £48.113 (2023- £73.847). wilh grants totalling £24.878 (2023: £53,600)
being the largest expense.
At the Balance sheet date the Trust holds £2.806,88212023: £2,710,505) of reserves, all of whlch are held in
unrestricted general funds. The Trust's free reserves. total to £529,613 (2023: £506,772) at the end of the
financial year.
Structurey govemance and management
a. Constltutlon
Jack Foals Trust is a registered charity, number 1003312. and is constituted under a Trust deed. The Trust was
reglslered with the Charity Commission on 26th June 1991.
b. Method5 of appointment or electlon of Trustees
The management Df the Charity Is the responsibility of the Trustees who are elected and co-opted under tha
terms of the Trust deed.
c. Risk management
The Trustees have 8ssessed the major risks to which the Charity is exposed, and are satisfied that systems and
procedures are in place to mitigate exposure to the major risks.
Plans for future perlods
To support, within reason, any suitable project for Ihe benefit of the Parish that is properly presented to the Trust.
P8ge 3

Jack Foats Trust
Tru5tees' report (continued)
For the year ended 5 Aprfl 2024
statement of Truslees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
appllcable law and United Kingdom Accountlng Standards (United Icingdom Generally Accepled Accounting
Practice).
The law applicable to charities In England & Wales requires the Trustees io prepare financial statements for
each financial whlch give a true and fair viéw of the state of affairs of thg Charity and of its income and
application of resources, Including its income and expenditure. for that period. In preparing these financial
statements, the Trustees are required lo:
select suitable accounting polldes and then apply them conslstentty,
observe the melhods and principles of the Charilies SORP (FRS 102);
make judgements and accnunting estimates that are reasonabl8 and prud8n('
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any mat8rial
departures disclosed and explained in the financial statements;
prepare the financial statements on the golng concem basis unless it Is Inappropriate to presume that the
Charity will continue in business.
The Trustees ar8 responsible for keeping adequate accounting records Ihat are sufficient to show and axplaln
the Charivs transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity
(Accounts and Reports) Regul8tions 2008 and Ihe provtslons of the Trust deed. They are a150 responsible for
saf8guarding the assets of the Charty and hence for laklng reasonable steps for the PTevention and d8tectlon of
fraud and other Irregularities.
Approved by order of the member5 of the Board of Trustees on
behalf by.
and signed on their
lan S Chandler
Trustee
Date: 2J J¢4pJ Lr
Page 4

Jack Foats Trust
Independent examlner's report
For the year ended 5 April 2024
Independent examinerfs report to the Trustees of Jack Foats Trust I'the Charity,)
I report to the charity Trustees on my examination of the accounts of Ihe Charity for the year ended 5 April 2024.
Responsibilities and basls of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act'i.
I report in respect of my examination of the Charitvs accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed Ihe applicable Directions given by the Charity Commission under
section 145(5)Ibl of the 2011 Acl.
Independent examlnerfs statement
Your attention is drawn to Ihg fact that the Charity has prepared the accounls in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practlce applicable to charfties preparing Iheir accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in
prefer8nce to the Accountlng and Reporting by Charities: Statement of R8cornmended Practice issuad on 1 April
2005 which is refetted to in the extant regulations but has been withdrawn.
l understand thal thls has been done in order for the accounts to provid8 a true and fair view in accordance with
th8 Generally Accepted Accounting Practice effective for reporting perlods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no matters hav8 com8 to my attention in connection wilh the
examination givlng me cause to belleve that in any material r8spect:
accounting records were not kept in r8SP8Ct of the Charity as required by section 130 of the 2011 Act; Dr
lh8 accounts do not accord with those records., or
Ihe accounts do not comply with th8 applicable requlrements concerning the form and content of
accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any réquirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in Gonneclion wtth th8 8xamination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 5

Jack Foats Trust
Independent examinerfs report (contlnued)
For Ihe year ended 5 April 2024
This report Is made solely to the Charivs Trustees. as a body, in accordance wth Part 4 of the Charitie5
(Accounts and Reports) Regulations 2008. My work has been undertaken so ih8t I might stale to ihe Charitys
Trustees those matters l am required to state to them In an Independent examln8Vs report and for no other
purpose. To the fullest extent pemiiited by law. I do not ac￿pt or assume responsibility to anyone other than the
Charity and the Charitys Trustees as a body. for my work or for this reporL
Signed:
Dated: 28 January 2025
MKRDyer
Il,,k Ceugs LL
ACA MAAT
Kreston Reeves LLP
Chartered AccountanLs
37 St Margaret's Street
Canterbury
Kent
CT12TU
Page 6

Jack Foats Trust
Statement of financial activitios
For the year ended 5 Aprll 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Investments
70,954
70,954
67,797
Total income
70,954
70,954
67.797
Expenditure on:
Charitable activities
48.113
48.113
73,847
Total expendilure
48,113
48.113
73.847
Net incomel{expenditure) before net galnsl(losses)
on investments
Net gainsl(Ioss8s) on investments
22,841
73,536
22,841
73,536
(6.050)
(124)
Net movement In funds
96.377
96,377
{6,174)
Reconcillation of funds:
Total funds brought forward
Net movement in funds
2.710.505
96,377
2,7,10.505
96.377
2.716.679
(6.174)
Total funds carried forward
2,806,882
2.8D6,882
2,710,505
The Statement of fin2nci81 activities indudes all gains and losses recognised in the year.
The notes on pages 9 to 15 form part of these financial statements.
Page 7

Jack Foats Trust
Balance sheet
As at 5 April 2024
2024
2023
Nole
Fixed assets
Tangible assets
Investments
391,755
1,087,769
797,745
391,755
1.014.233
797.745
10
Inv8Stment property
2,277,269
2,203,733
Current a5setS
Cash at bank and in hand
531.947
508,974
Creditors: arnounts falling due within one
year
11
(2,334)
(2,202)
Net current assets
529.613
506.772
Total net assets
2.806.882
2,710,505
Charity funds
Restricted funds
Unrestricted funds
12
12
2,806,882
2.710,505
Total funds
2,806.882
2,710,505
The financial statements were approved and authorised for Issue by the Trustees on
and signed on thelr behalf by:
lan S Chandler
Trustee
Date: 14 2)IC
The notes on pages 910 15 forni part of Ihese financial stalements.
Page 8

Jack Foats Trust
Notes to the financial statements
For the year ended 5 April 2024
General Infortnation
The Charity is an unincorporated charity, règistered in England and Wales, with the charity number
1003312. The Charitys registered o￿lCe is The Poplars, Lower Goldstone, Ash. Canterbury, CT3 2DT.
Th8 principal objeclives of the Charity areas set out in the Trustees Report on page 2.
Accounting pollcles
2.1 Basls of preparation of financlal statements
The financial statements have baèn prepared in accordance wlth the Charities SORP (FRS 102)
Accounting and Reparting by Charities: Ststement of Recommended Practic8 applicable to charities
preparing Iheir accounls in accordance with the Financial Reporting Standard applicable In the UK
and Republlc of Ireland (FRS 102) (effectlve 1 January 2019), Ihe Financial Reportlng Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011.
The financial stalements have been prepared to give a 'true and fair, view and have departed from
Ihe Charities (Accounts and Reports) Regulatlons 2008 only to the extent required to provide a 'true
and faiv view. Thls departure has involved following the Charities SORP (FRS 102) published In
October 2019 rather than the Accounling and Reporting by Charities: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Jack Foats Trust meets the definition of a publlc benefit entlty under FRS 102. Assets and Ilabllltles
are initially recognised at histortcal cost or transaction value unless otherwise stated in the relevant
accounting policy.
The financial statements are presented In UK stertlng. whlch Is Ihe Charitvs function81 currency, and
rounded to the nearest pound.
2.2 Going concern
The Trustees assess wh8lh8r the use of going concem Is appropriate i.e. whether there ar8 any
material uncertainties related to &v8nts or conditions that may cast slgnlficant doubt on th8 abllity of
the Charity lo continue as a going concern. The TTustee5 make this assessment in respect of 8
period of at least one year from Ihe date of aulhorisation for issue of the financial statemenls and
have concluded that the Charity has adequate resources to contlnue In operatlonal exlstence for the
foreseeable future and there are no material uncertainties about the Charitls abillty to continu6 as a
going concem, thus they continue to adopt the going Goncern basis of accounting In preparlng the
rinancial statements.
2.3 Income
All income is recognised once the Charity has entiuement to the Income. it is probable that the
income will be received and the amount of income receivable can be measured rellably.
Income tax recoverable In relation to investment income is recognised at the time the investment
Incorne Is rec6ivable.
2.4 Expenditure
Expenditure is recognls8d once there Is a legal or constructive obligation to transfar economic benefit
to a third party. it is probab18 that a transfer of economic benefits will be required In settlement and
the amount of the obSlgation can be measured reliably.
Expendlture on charilable activilies is incurred on directly undertaklng the actlvities whlch further the
Charity's objectiV8s. as well as any associated support costs.
Page 9

Jack Foats Trust
Notes to the flnanclal statements
For tho year ended 5 April 2024
Accountlng pollcles (continued)
2.4 Expendlture (contlnued)
Grants payable are charged in the year when the offer is made except in thosa cases where the offer
is conditional. such grants being recognised as expenditure when th8 conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure Is Inclusive of irre(x)verdlle VAT.
2.5 Interest receivable
Interest on funds held on deposit 15 induded when receivable and the amount can be m8asured
reliably by the Charity. Ihis is normally upon notification of the interest paid or payable by the
Institutlon with whom the funds are deposited.
2.6 Tanglble fixed assots and depreclatlon
Tanglble fixed assets are initially recognlsed at cosL After recognltlon, under the cost model, tangibla
rixed assets are measured at C05l less accumulated depreciation and any accurnulated impairment
losses. All costs incurred to bring a tangible fixed asset into its Inlgnded working condition should be
included in measurement of cost.
At each reportlng dale the Charity assesses whethér there Is any Indlcation of irnpairment. If such
indicatlon 8XiSts. the recoverable amount of th8 assèt Is detemiined to be the hlgher of Its fair value
less costs to sell and its value in use. An Impairnient loss Is recognised where the carying amount
exceeds the recoverable amounL
Depraclalion is prowded at rates calculated to write off the cost of fixed assels, less thelr estimated
residual value. over their expected useful lives on the following bases:
Freehold propety
- The properties are not depreciat8d as
theTrustees believe the value of the propety
i5WOrth significantly more than is stated in
theaccounts
2.7 Investments
Fixed asset Inveslm8nts arè a fomi of financlal Instrument and are inilially recognised at Iheir
transaction cost and subsequently measured at fair value at th8 Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Galnsl(Losses) on
investments. in the Statement of financial activities.
2.8 Cash at bank and In har
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of Ihe deposit or sirnilar account.
Page 10

Jack Foats Trust
Notes to the flnanclal statements
For the yoar ended 5 April 2024
Accounting pollcies (continued)
2.9 Llabllitle5 and provlsions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement. and the amount
of th8 setmement can be estimated reliably.
Liabilitles are recognised at the amount that the Charity antlcipates it will pay to settle the debt or the
amount it has received as advanced payments for the goads or services it must provide.
Provisions are measured at thè best estlmate of the amounts requlred to Settle the obligation. Whère
the effect of the time value of money is material. the provlsion Is based on Ihe present value of those
amounls, discount8d at the pre-tax discount rate that reflects the rlsks specific to the liability. The
unwinding of th8 discount is recognised in the Statemenl of financlal activities as a finance cost.
2.10 Financial instruments
The Charity only has financlal assets and flnancial liabllitlès of a kind that qualify as basic financial
instruments. Baslc financial instruments are Inilially recognlsed at Iransaction value and subsequently
measured at thelr settlement value wlth the exception of bank loans whlch are subsequently
measured at amortlsed cost uslng the effective interest method.
2.11 Fund accountlng
General funds are unrestricted fund5 whlch are available for use at the discr8tion of the Trustees In
furtherance of the general objeclivos of the Charity and which hav8 not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Critlcal accounting esllmatas and areas of Judgement
Estimates and judgements are conllnually evaluated and are based on hlstorical experience and other
factors, including expectations of future events that are belleved to b8 reasonable under the
circumstances. The Charity does not currently have any slgnificant accounting estimat8s or areas or
judgement.
Investment income
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Income from investment properties
Divldends receivable
Interest receivable
32.915
28,518
9.521
32.915
28,518
9.521
33,890
29,987
3,920
70,954
70,954
67,797
Total 2023
67,797
67,797
Page11

Jack Foats Trust
Nctes to the flnanclal statements
For Ihe year ended 5 April 2024
Analysls of grants
Grants to
Indlvlduals
2024
Total
funds
2024
Total
funds
2023
Grants for charitable projects
24,878
24.878
53,600
Total 2023
53,600
53,600
Analysls of expendlture by activities
M'ment and
admin. of
Grant
Investment fundlng of
propertles
actlvitles
2024
2024
Total
funds
2024
Total
funds
2023
Charitable activities
23,235
24,878
48,113
73,847
Total 2023
20,247
53,600
73,847
Analysis of dlrect costs
Total
funds
2024
Total
funds
2023
Activlties
2024
Malntenance
Insurance
Rent and rates
Independent examinerfs fees
Bank charges
Agents commission and fees
13.916
1.855
221
2.334
61
4,848
13.916
1,855
221
2,334
61
4,848
10,854
1.582
236
2,200
87
5.288
23,235
23,235
20,247
Total 2023
20,247
20,247
Trustees. remunerdtion and expenses
During the year. no Trustees received any remuneration or other benefrts (2023 - £NIL).
During the year ended 5 April 2024. no Trustee expenses have been incurred (2023 - £NIL).
Page 12

Jack Foats Tru3t
Notes lo the financial statements
For Ihe year ended 5 April 2024
Tangible fixed assets
Freehold
property
Cost or valUa￿On
At 6 April 2023
391,755
At 5 April 2024
391,755
Net book value
At 5 April 2024
391.755
At 5 April 2023
391,755
Inveslment property
Short terrn
leasohold
Investment
property
Valuatlon
At 6 Aprll 2023
797,745
At 5 April 2024
797,745
The short-term leasehold investment property was valued by the Trust8es. on an open mark8t valu& for
existing us8 basis.
Page 13

Jack Foats Trust
Notes to the financlal statements
For the year ended 5 April 2024
10. Flxed asset Inveslments
Listad
investments
Cost or valuation
At 6 April 2023
Revaluations
1,014,233
73,536
At 5 Aprll 2024
1,087.769
Net book value
At 5 April 2024
1.087.769
At 5 April 2023
1.014.233
11. Credltor8: Amounts falllng due withln one year
2024
2023
Accruals
2,334
2,202
12. Statement of funds
Statement of funds • Current year
Balance at 6
April 2023
Galnsl Balance at 5
(Losses) April 2024
Income Expondlture
Unrèstrlcted funds
General Funds
2.710,505
70,954
(48,113)
73.536
2.806,882
statement of funds - prior year
Balance at
1 April 2022
Galnsl Balance at
(Losses) 5 April 2023
Income Expenditure
Unrestricted funds
General Funds
2.716.679
67,797
(73.847)
(124) 2.710,505
Page 14

Jack Foats Trust
Notes to the financial statoments
For Ihe year ended 5 April 2024
13. Analysis of net assets between funds
Analysls of net assets between funds - current period
Unreslricted
funds
2024
Total
funds
2024
Tangible fix8d assets
Fixed asset investments
Investment propety
Current assets
Creditors du8 Within on8 year
391,755
1,087,769
797,745
531,947
(2,334)
391.755
1,087,769
797,745
531,947
(2,334)
Total
2,806,882
2,806,882
Analysis of net assets between funds - prior period
Unrestrfcted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Investment propety
Cu￿ent assets
391.755
1,014,233
797,745
508,974
(2,202)
391.755
1,014,233
797,745
508.974
(2,202)
Creditors due within one year
Total
2,710,505
2,710,505
14. Related party transactions
The Charty has not undertaken any related party transactions during the financial year (2023: £Nil) and
at the Balance sheet dale there are no balances outstanding with them {2023: £Nil}
Pag8 15